Practical strategies for debt relief If there’s any one item that will suck the life right out of your bank account, shred your budget, and seriously damage your long-term savings goals, it’s debt. And the worst kind of debt is credit card debt. With annual rates...
What you need to know for RRSP success Should you contribute to a Registered Retirement Savings Plans (RRSPs)? With Tax-Free Savings Accounts (TFSAs) becoming more popular, there’s a fierce debate among the experts on the relative merits of each type of account....
Don’t set impossible financial goals The New Year is a great time for making resolutions and for taking control of your finances. Easy to say, but not so easy to do! When you resolve something vague like, “I promise to spend less in 2015,” that’s a resolution that...
The remedy for financial overindulgence Every year around this time, I’m asked how to overcome the seasonal spending disorder that grips a large part of the population. But there is a remedy, and it doesn’t involve laborious budgets and daily penny-counting....
Year-end strategies to cut your tax bill During the hectic holiday season, the last thing you want to think about is your tax bill for the year. But there are a few year-end tax tips that could save you a few bucks in tax come next April. Here are some of my...
Robyn Thompson is regularly featured in The Toronto Star’s “Money Makeover” series by Deanne Gage. In this recent post, Robyn recommends that a high-income 70-year-old retiree curt the risk in her investment portfolio and realign her income stream to make it more...
3 key principles of Madonna’s pop star staying power Long-time pop queen Madonna really hit the big time with the debut of her second album “Like a Virgin.” That was 30 years ago, and she’s been a pop celebrity ever since. Success like that is tough to replicate....
Robyn Thompson is regularly featured in The Toronto Star’s “Money Makeover” series by Deanne Gage. In this recent post, Robyn recommends a plan for a 57-year-old divorced woman who lost her job and is afraid of losing her house, which still carries a large...
Good planning relieves stress, promotes overall well-being This is a challenging time for building your wealth and saving for retirement. A new study conducted by Leger Research for the Financial Planning Standards Council (FPSC) noted that money is the number-one...
Robyn Thompson is regularly featured in The Toronto Star’s “Money Makeover” series by Deanne Gage. In this recent post, Robyn helps a couple in their mid-fifties who have amassed $1.3 million in investments, but still need to pay off a loan and clean up and...
Robyn Thompson is regularly featured in The Toronto Star’s “Monday Makeover” series by Deanne Gage. In this recent post, Robyn helps a cash-strapped couple maximize government benefits they’ve forgotten...
There’s more to it than just dipping into your savings accounts Q – My husband and I are both 45 and set to retire in 15 years. We have the majority of our money invested in mutual funds divided between RRSPs and cash accounts. We are looking to do some planning...